Marc Faber : Gold is the most honest form of cash

Marc Faber :  "I'm not certain that people should buy gold today because we have a huge run in precious metals recently and they need to consolidate or shake out the weak holder. I would expect the correction in gold to occur. I think that everybody should have some gold if they want to own some cash because gold is the most honest form of cash people can own" "well, it's (ETFs) a claim on physical gold. i prefer if investors hold physical gold in a safe deposit box ideally outside of the u.s. in various locations, Switzerland, Singapore, Hong Kong, Australia, Canada. " "I think it's important in today's very uncertain world to diversify not only the various asset classes, in other words equities, bonds, gold, real estate and also the custody of your assets should be in different jurisdiction , I don't trust anyone" - in CNBC 23 Aug 2011

Shanghai Gold Exchange Raises Gold Margins causing gold prices to drop $150

The Shanghai Gold Exchange said on Tuesday that it will raise trading margins on three gold spot-deferred contracts to 12 percent starting on Friday to limit trading risks following the rapid rally in gold prices.The CME has raised margin requirements for gold twice this year, once in January and once in early August, by 11% and 22% respectively. The moves did little to stem gold's rally. A week after the margin hikes in January gold was down just 2% and a week after the August hike gold was up 1.5%.Gold pulled back to as low as $1745 this morning before re-bouncing 35 dollars Many experts think, that any dips will be met with strong buying and help curb a deeper correction.Don not panic just do what Bob Chapman always recommends use the dips as God's given opportunities to buy as much physical gold as you can , this rally is not even started , the gold prices are very likely to touch the $3000 mark before 2012

Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

Bob Chapman : Ron Paul is our only hope politically

Bob Chapman - RADIO LIBERTY 3rd Hour - August 22, 2011

Bob Chapman : Wall street and the National Chamber of commerce were very large contributors to both presidential candidates campaigns but particularly to Mr Obama , this explains the problem why things do not change why we do not get any change even though a lot of constituents complain to them and that's because approximately 90 to 85 percent of these people are paid of by the people behind the scenes , and that situation I do not know we are going to get around it other than voting them out of office , may be we can get Ron Paul elected who just raised a million dollar in his birthday but it takes hundreds of millions to run a campaign properly , we got to back him because he is our only hope politically ...